Logitech International Reaches 80-Plus Relative Strength Rating Benchmark

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The Relative Strength ( RS ) Rating for Logitech International ( LOGI ) entered a new percentile Thursday, with an increase from 80 to 83.

[ibd-display-video id=3105496 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

History reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest runs.

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Logitech International broke out earlier, but has fallen back below the prior 40.92 entry from a consolidation . If a stock you're tracking climbs above a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Also keep in mind that the most recent consolidation is a later-stage base, and those involve more risk.

Logitech International saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 14% to 16%. Revenue rose from 12% to 22%.

The company holds the No. 1 rank among its peers in the Computer-Hardware/Peripherals industry group. Transact Technologies ( TACT ) and Canon ( CAJ ) are also among the group's highest-rated stocks.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: RS , LOGI , TACT , CAJ

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